MAHANAGAR TELEP NI NSE:​MTNL

Stock has made a bottom confirmation and is gearing up for more strength! Let's see what happens!!

Weekly Close >26.55 and High >27.45 needed with strength Volume Support Forming Higher Lows CC(D/W)>100 Target 45 Duration: 4-5 months SL: 19.45

MTNL-near dynamic Resistance area

Stock can be added for long term above 27

Reversal Confirmation Strength Candle on TGC CCI>100 on all time frames Volume interest Target 42 SL 18.5

MTNL Analysis on Request. MTNL looks good, with good risk to reward. For short term buy with SL of close below 21 Target 28 If trend continues then second target 35

If it breaks 26 with volumes then will test 30 and if it breaks comfortably then 45 - 53. Buy in good quamtities

ending diagonal

wait for a break in the neckline first, be wary of a pullback to the neckline before shorting. stoploss would be 21.5 tp1 = 18 tp2= 17.3